Head of Compliance & MLRO

Item ID:
London, England
Financial Services
Compliance, Advisory Compliance (Equities, Fixed Income, Investment Banking/Merchant Banking)
Job Type:
Published Date:
16 May 2017
15 June 2017
Stephen Wall

An exciting opportunity in a new Business Bank. An EXCO appointment, the incumbent will be a member of various executive boards. The Head of Compliance and MLRO will be responsible for building the division and implementing all regulatory requirements across Prudential, Conduct and Financial Crime.

Main Responsibilities

To direct, guide and control all activities within the Compliance department, providing overall leadership and compliance strategy for the Bank.

To prepare an annual Compliance Plan setting out the Bank's key compliance activities.

To supervise the Bank's annual Compliance Monitoring Plan, direct workflow and meet the scheduled activities contained within this plan.

To oversee the production of monthly Compliance reports within prescribed diary schedules for the Executive Committee (EXCO), the Audit and Risk Committee (ARC) and the Board. This role is an EXCO appointment. The HOC will also be a member of various executive boards as required.

To oversee and ensure that FCA complaints and all appropriate regulatory returns are made on time.

To be responsible for the supervision and production of Bank policies and the Bank's Compliance Manual, ensuring that they are reviewed and updated in accordance with scheduled timetables or regulatory change.

To oversee the provision of material for basic compliance training and ensure Compliance is effective in delivering the support to all staff on all compliance issues.

To ensure that the Compliance department provides updates and guidance on new and changing regulation to the Board and senior management within the Bank.

To have oversight of regulatory permissions, variations of permissions, 'passporting' requirements and engage in a proactive dialogue with regulators (as required).

To assist with ensuring overall compliance with all FCA and PRA requirements as relevant to the Bank.

To provide regulatory input and advice in the development of new products and services.

To direct, guide and control all activities with respect to anti-money laundering.

To submit the annual money laundering report to EXCO, Risk Committee and Board.

Skills and Experience Required

  • Strong compliance experience in the banking industry.
  • Experience of the regulatory requirements contained in the FCA/PRA Handbooks and other relevant regulatory requirements.
  • Evidence of understanding of the compliance environment involving customer services, systems and controls and fiscal responsibilities.
  • Evidence of the ability to manage multiple project tasks.
  • Relationship management and interpersonal skills at a Board and senior level.
  • Ability to participate as a member of a management team, contributing to discussions and undertake projects for the Bank.
  • Knowledge and practical ability to resolve compliance issues.
  • Ability to research, analyse and manage solutions to resolve compliance issues.
  • Ability to identify operational banking issues in the course of business.
  • Communication, influencing and negotiating skills.
  • Good project management and implementation including prioritising workloads under pressure to deliver against prescribed deadlines.
  • Proficient analytical and report writing skills.
  • A professional and positive approach with strong leadership skills including appropriate professional qualifications e.g. degree qualified or equivalent.

Personal Attributes

  • Strategically minded but also very hands-on
  • Commercially orientated so that they see things from a whole company perspective rather than their own functional silo
  • Strong team player
  • Prepared to challenge but to do so in a constructive manner
  • 'Can do' flexible and solutions orientated
  • Committed, hardworking and focused upon delivering results
  • Good, clear communicator
  • Open, honest and with integrity

As this role will require approval by the PRA under the Senior Managers Regime (SMF16 & SMF17), the job holder must be able to satisfy the regulators honesty, fitness and propriety tests.

Your details
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Must be .doc, .docx, .pdf or .rtf and 1Mb or less
Must be .doc, .docx, .pdf or .rtf and 1Mb or less
Must be .doc, .docx, .pdf or .rtf and 1Mb or less
Must be .doc, .docx, .pdf or .rtf and 1Mb or less
Must be .doc, .docx, .pdf or .rtf and 1Mb or less
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